Deal reinforces CGOC’s active, diverse portfolio and long-term growth approach
Toronto, Ontario – May 15, 2018 – Cannabis Growth Opportunity Corporation, (CSE: CGOC) a cannabis focused investment corporation with both public and private cannabis holdings, today announced it has invested in Whistler Medical Marijuana Corp. (WMMC), one of Canada’s original ten licensed producers (LP) and the country’s first organic certified LP with a proven track record in profitably cultivating and selling premium medicinal cannabis. The deal upholds CGOC’s commitment to actively managing its diverse portfolio of public and private investments to drive long-term total return.
WMMC has built a sustainable and profitable business, developed on a foundation of organic, premium, and award-winning cannabis production, a loyal repeat customer base, an extensive product offering, and personalized customer service. The company’s philosophy is to grow organic medical cannabis in soil without the use of chemicals. The company has developed one of Canada’s most iconic brands built on quality, organic, cannabis products grown in Whistler, British Columbia. They are the only LP selling product conforming to International Organic Growing Standards having received certification from the Fraser Valley Organic Producers Association (FVOPA).
“Whistler has one of the strongest brands in the industry. The company has created a sound, solid and strategic platform positioning it well for expansion into recreational and international markets,” says Jamie Blundell, President and COO of CGOC. “The strength of their brand, proven performance and their new Pemberton expansion position them well for investment and a place in our portfolio. We look forward to partnering with them for their long-term growth.”
CGOC is making a $2 million investment in WMMC. Funds will be used to complete WMMC’s 62,000 sq. ft. purpose-built Pemberton facility. Once WMMC receives their dealer license, expected imminently, it is anticipated the company will be able to accelerate growth of their existing export business, which has successfully sold product to Australia and the Cayman Islands.
“CGOC’s investment approach and commitment to the long-term health of the cannabis industry aligns perfectly with where we want to take WMMC,” says Chris Pelz, CEO and Founder of WMMC. “With our Whistler operation and new Pemberton facility, we’re pleased to have access to CGOC’s know-how and resources within the industry as we expand and grow.”
This press release is not an offer of securities for sale in the United States, and the securities described in this press release may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933.
About Cannabis Growth Opportunity Corporation
CGOC is a unique investment corporation incorporated under the laws of Canada. CGOC’s investment objectives are to provide holders of common shares long-term total return through capital appreciation by investing in an actively managed portfolio of securities of public and private companies operating in, or that derive a portion of their revenue or earnings from, products or services related to the cannabis industry. To access the company’s April webinar, please visit http://cgocorp.com/investors/ and take the time to register for the news feed.
WMMC grows with integrity and commitment to producing quality certified organic cannabis. The company was amongst the first Health Canada Licensed Producers (LPs) to operate in Canada and remains the first and only producer in the county to offer 100% certified organic products (as certified by the Fraser Valley Organic Producers Association). Learn more at www.whistlermedicalmarijuana.com.
For further information: Jamie Blundell, President and Chief Operating Officer, Cannabis Growth Opportunity Corporation, 647-946-2205, firstname.lastname@example.org